SentBe
SentBe is a Seoul-based fintech operating a cross-border remittance mobile app and stablecoin payment infrastructure across 50+ countries, serving migrant workers, expatriates, students, and B2B merchants, with a Singapore-licensed subsidiary enabling 24/7 stablecoin-to-fiat conversion.
- Company typePrivate
- Founded2015
- HeadquartersSeoul, South Korea
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What SentBe does
SentBe Inc. (센트비) is a Seoul-headquartered fintech company founded in 2015 that operates a cross-border remittance and payment platform. Its core consumer product is the SentBe C2C mobile application (iOS and Android), which enables real-time or next-business-day transfers to recipients in 50+ countries via multiple payout channels (bank transfer, cash pickup, cash delivery, mobile wallets) with fees advertised at up to 90% lower than traditional banks. The service is offered in 15 languages and targets foreign migrant workers in Korea, overseas Koreans and expatriates, international students, and foreign residents, with sending operations based in South Korea, Singapore, and Indonesia.
The company's technology layer consists of foreign exchange remittance infrastructure, real-time transfer rails, and a stablecoin-to-fiat conversion system operated through its wholly-owned Singapore subsidiary, SentBe Singapore, which holds a Singapore Major Payment Institution (MPI) license. This regulatory asset underpins the SentBe Stablecoin Payment System, an API-grade infrastructure powering partner integrations such as LINE NEXT's Unifi stablecoin wallet (global USDT support), YourPay's Indonesian neobank app (KRW-to-IDR embedded remittance), the apM Dongdaemun wholesale market pilot (USDT-based B2B payments), and iotrust's D'CENT hardware wallet off-ramp. A separate corporate brand, SentBiz (센트비즈), provides B2B foreign payment and remittance services. The company joined the GAKS consortium (WEMADE, Chainalysis, CertiK) in late 2025 to develop KRW stablecoin standards.
SentBe generates revenue primarily through transaction fees and FX spreads on cross-border transfers, with a pay-as-you-go pricing model. The go-to-market combines direct-to-consumer mobile app distribution with OEM/embedded finance partnerships and a regional sales presence in Korea, Singapore, and Indonesia. Cumulative remittance volume reached approximately 14 trillion KRW since founding; a $10.76M Series 3 round in September 2022 led by Stone Bridge Ventures, with Rapyd Ventures as a notable investor, is the latest disclosed funding event. CEO and co-founder Seong-Ouk Choi (최성욱) leads the company, which operates with 101-250 employees.
SentBe firmographics
Firmographics- Name
- SentBe
- Legal name
- SentBe Inc. ((주) 센트비)
- Website
- https://sentbe.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SentBe is a Seoul-based fintech operating a cross-border remittance mobile app and stablecoin payment infrastructure across 50+ countries, serving migrant workers, expatriates, students, and B2B merchants, with a Singapore-licensed subsidiary enabling 24/7 stablecoin-to-fiat conversion.
- Ownership category
- akta.pro rank
SentBe industry classification
Industry- Product category
- Cross-border remittance services
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industries
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)
Keywords
Where SentBe is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices2 records
Markets served
SentBe business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Remittance Transaction Fees: SentBe charges transaction fees for cross-border money transfers, with fees stated to be up to 90% lower than traditional banks, generating revenue through FX spreads and per-transaction fees
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard remittance service |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
SentBe product offering
Product offeringCore offering
SentBe is a fintech company that provides international money remittance services to over 50 countries via a mobile app, targeting foreign workers, overseas Koreans, expats, and international students. It charges fees up to 90% lower than traditional banks and supports real-time transfers through multiple payout channels (bank transfer, cash pickup, cash delivery, mobile wallet). The company also operates a separate corporate B2B service called SentBe Business (센트비즈) and provides stablecoin-to-fiat conversion infrastructure through its Singapore-licensed subsidiary.
Product overview
SentBe operates a multi-product fintech platform centered on international remittance and stablecoin payment infrastructure. Its core consumer product is the SentBe C2C mobile app (available on iOS and Android), which provides personal money transfers to over 50 countries from Korea, Singapore, and Indonesia, with real-time transfers, multiple payout channels, and multilingual support. Above the core app, SentBe offers SentBe Business (센트비즈) as a separate corporate payment and remittance service for enterprise clients. Underlying both is the SentBe Stablecoin Payment System, an API-grade infrastructure leveraging the company's Singapore MPI license to enable 24/7 stablecoin-to-fiat conversion, which powers partner integrations such as LINE Unifi and wholesale market payment ecosystems. The product portfolio is held together by SentBe's foreign exchange and compliance infrastructure, with expansion underway into KRW stablecoin standards via the GAKS alliance.
Differentiator
Problem solved
Functional benefit
Brands
- SentBiz (센트비즈): Corporate foreign exchange payment and remittance service for businesses, separate from the consumer C2C service.
Products and services
- SentBe C2C Mobile Remittance App Consumer-facing mobile remittance app that enables individuals (foreign workers, overseas Koreans, expats, international students) to send money from Korea, Singapore, and Indonesia to recipients in 50+ countries. Supports real-time to 1-business-day transfers, multiple local payout channels (bank transfer, cash pickup, cash delivery, mobile wallets), fees up to 90% lower than traditional banks, and 24/7 self-serve access in 15 languages.
- SentBe Business (센트비즈) Corporate Remittance
- SentBe Stablecoin-to-Fiat Payment Infrastructure API-grade stablecoin payment infrastructure that uses SentBe's Singapore MPI license to convert stablecoins (e.g., USDT) to fiat currency for settlement. Powers 24/7 fiat conversion integrated into partner platforms such as LINE NEXT's Unifi stablecoin wallet and supports borderless stablecoin payment ecosystems for wholesale markets (e.g., Dongdaemun).
- Embedded Remittance Infrastructure (White-label / OEM) White-label / OEM remittance infrastructure that SentBe embeds into partner platforms (e.g., YourPay, LINE NEXT Unifi, iotrust D'CENT wallet), enabling those platforms to offer cross-border transfers and stablecoin-to-fiat off-ramps to their own end users without requiring them to use the SentBe app.
Quantifiable outcome
- Up to 90% lower fees than traditional banks
- +2 more outcomes
Companies that use SentBe
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
SentBe technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
SentBe partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- YourPaycoreIndonesian neobank YourPay launched an overseas remittance service in partnership with SentBe, enabling instant KRW-to-IDR exchanges directly within the YourPay app without app switching. Uses embedded finance model integrating SentBe's remittance infrastructure.
- LINE NEXTcoreLINE NEXT integrated SentBe's 24/7 fiat conversion FX solutions into its Unifi stablecoin wallet platform, enabling Tether (USDT) deposits, custody, payments, transfers, rewards, and 24/7 fiat conversion for users worldwide.
- Welcome Savings BankminorWelcome Savings Bank partnered with SentBe for cross-border payment services as part of its strategy to attract foreign residents, including dedicated lending programs for E-9 visa holders.
- ChainalysiscoreChainalysis joined GAKS alliance with SentBe, WEMADE, and CertiK to provide security and compliance infrastructure for KRW stablecoin ecosystem development.
- CertiKcoreCertiK joined GAKS alliance with SentBe, WEMADE, and Chainalysis to provide security and blockchain support for KRW stablecoin infrastructure.
- WEMADEcoreSentBe joined the Global Alliance for Korean Won Stablecoin (GAKS) led by WEMADE, alongside Chainalysis and CertiK. Alliance aims to establish KRW stablecoin ecosystems with testnet in December 2025 and official launch in early 2026.
- apM Members (APM wholesale market)coreapM Members partnered with SentBe to launch a borderless payment ecosystem using stablecoin (USDT) infrastructure at Dongdaemun wholesale market. Enables near real-time payment processing for overseas buyers. Pilot test scheduled for Q1 2026.
- LinecoreSentBe partnered with Line to build a virtual asset wallet service, leveraging its Singapore MPI license for stablecoin-to-fiat conversion and settlement.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
SentBe competitors and assessment
Company assessmentDirect peers
- Remitly: US-based digital remittance app serving migrant-worker corridors globally. Closely comparable in target customer (migrant workers), digital-first GTM, multi-channel payout options, and corridor-based revenue model.
- Sendwave: Mobile-first remittance app focused on African and Asian corridors from the US, UK and Canada. Comparable in app-based P2P remittance targeting diaspora and migrant workers in similar Southeast Asian and South Asian corridors.
- WorldRemit: Digital cross-border remittance platform targeting mobile and bank transfers across emerging-market corridors. Comparable in mobile-first GTM, multi-channel payout (bank, mobile wallet, cash pickup), and migrant-worker customer base.
- NIUM (formerly InstaReM): Asia-headquartered cross-border payments platform with remittance rails across Southeast Asia. Comparable in regional remittance infrastructure, embedded-finance positioning, and Asia-Pacific corridor coverage relevant to SentBe's Indonesian and Singapore operations.
- Hanpass: Korea-based cross-border remittance fintech serving similar migrant-worker and Korean expat corridors. Most directly comparable Korean peer in target customer, corridor focus, and digital-first remittance model.
Broad incumbents
- Wise (formerly TransferWise): Global cross-border money transfer and multi-currency account platform. Directly comparable to SentBe in core consumer P2P international remittance, with a much broader geographic footprint but weaker local payout and language coverage in SentBe's Southeast Asian corridors.
- MoneyGram: Established cross-border P2P payments and bill pay operator with global agent network. Comparable in cross-border transfer product, but operating a heavier physical-distribution model than SentBe's mobile-first approach.
- Western Union: Incumbent global remittance network with extensive agent-based cash pickup and bank payout. Comparable product set (consumer cross-border transfers) but a legacy retail/agent model against which SentBe positions itself on price and digital experience.
Regional players
- Kakao Pay: Korea-domestic and cross-border payments platform with remittance capabilities. Comparable in Korean cross-border payment infrastructure and consumer distribution, though primarily a domestic payments and lifestyle platform.
- Toss Bank / Viva Republica: Korean super-app fintech with payments, banking and remittance features. Comparable as a Korean consumer fintech addressing overlapping Korean-resident and migrant-worker segments, though with a much broader product portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
SentBe social profiles
Digital presenceSentBe financial estimates
Financial estimateRevenue estimate
Valuation estimate
SentBe leadership team
Management profileNumber of profiles
Profiles2 records
SentBe subsidiaries and ownership
Company hierarchySubsidiaries1 record
SentBe funding detail
Funding detailFunding overview
Funding rounds5 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SentBe M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SentBe
What does SentBe do?
SentBe is a fintech company that provides international money remittance services to over 50 countries via a mobile app, targeting foreign workers, overseas Koreans, expats, and international students. It charges fees up to 90% lower than traditional banks and supports real-time transfers through multiple payout channels (bank transfer, cash pickup, cash delivery, mobile wallet). The company also operates a separate corporate B2B service called SentBe Business (센트비즈) and provides stablecoin-to-fiat conversion infrastructure through its Singapore-licensed subsidiary.
Is SentBe a public or private company?
SentBe is a private company. It is classified as venture growth investor backed and is currently operating.
When was SentBe founded?
SentBe was founded in 2015. It employs 101 to 250 people.
Where is SentBe based?
SentBe is headquartered in Seoul, South Korea, in the Asia region.
How does SentBe make money?
One revenue line is on record: remittance Transaction Fees.
Who are SentBe's main competitors?
Direct peers on record are Remitly, Sendwave, WorldRemit, NIUM (formerly InstaReM) and Hanpass. Broad incumbents are Wise (formerly TransferWise), MoneyGram and Western Union. Regional players are Kakao Pay and Toss Bank / Viva Republica.
Does SentBe have an API?
No public API is recorded for SentBe.
What industry is SentBe in?
SentBe's product category is Cross-border remittance services. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers.